Settings8H · net · $10k
Funding arb · Price arb /

ETHFI

all ETHFI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0049%/8h= −5.3% APRnext payment $0.24 per $10,000 · paid last 24h −0.087%
Price spread now: Bitget against BloFin+0.014%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$530.533% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.516%−$52 on $10k
Price spread, last 3 days (all we have)+0.106%+$11 · spread now +0.014%, 7d avg +0.012%
Together, before fees−0.410%−$41 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ETHFI-USDT0.71960.0149pay 0.0074% / 4h32m 41s$1.3M$291K75x
ShortBitget ETHFIUSDT0.71970.0100get 0.0050% / 4h32m 41s$6.1M$5.7M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$10.23
Price spread: +0.014% → +0.012%
$0.24
Slippage, 4 orders
−$29.29
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$63.29
Costs to cover
0.533%
Break-even
never at this rate
Slippage from BloFin: live order book, 5 min ago; Bitget: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 5 min ago1.39 bp13.7 bp −$1426.7 bp −$26798.2 bp −$9,824doesn't fit
Sell Bitget live order book, 6 min ago1.39 bp15.1 bp −$1532.3 bp −$323doesn't fitdoesn't fit

ETHFI on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX ETHFI-USDT−0.0331%4h0.7183−0.181%$83K$164K20xas long as short
Deribit ETHFI_USDC-PERPETUAL−0.0305%1h0.7197+0.014%$42K$18K10xas long as short
Orderly PERP_ETHFI_USDC−0.0190%4h0.7194−0.028%$16K$1K10xas long as short
Paradex ETHFI-USD-PERP+0.0028%8h0.7199+0.047%$6K5xas long as short
Injective ETHFI/USDC PERP+0.0033%1h0.7240+0.611%$321$51K5.5xas long as short
MEXC ETHFI_USDT+0.0036%4h0.7200+0.056%$15.3M$3.8M125xas long as short
Binance ETHFIUSDT+0.0039%4h0.7200+0.056%$25.1M$37.2M75xas long as short
Extended ETHFI-USD+0.0040%1h0.7194−0.033%$93K$493K10xas long as short
Aster ETHFIUSDT+0.0056%4h0.7205+0.118%$184K$262K10xas long as short
Aevo ETHFI-PERP+0.0088%1h0.7192−0.051%$9K3xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter ETHFI+0.0096%1h0.7211+0.210%$1.1M$897K5xas long as short
Hyperliquid ETHFI+0.0100%1h0.7211+0.204%$18.2M$8.9M5xas long as short
Bybit ETHFIUSDT+0.0100%4h0.7200+0.056%$18.2M$13.1M25xas long as short
OKX ETHFI-USDT-SWAP+0.0100%4h0.7204+0.111%$5.0M$12.7M20xas long as short
Gate ETHFI_USDT+0.0100%4h0.7201+0.069%$1.7M$2.1M75xas long as short
KuCoin ETHFIUSDTM+0.0100%4h0.71960.000%$1.2M$270K50xas long as short
Bitget ETHFIUSDTshort+0.0100%4h0.7197+0.014%$6.1M$5.7M75x
BingX ETHFI-USDC+0.0100%4h0.7197+0.014%$1.2Mas long as short
Variational Omni ETHFI+0.0100%4h0.7192−0.060%$1.1M$738Kas long as short
Polymarket Perps ETHFI-USD+0.0100%1h0.7198+0.026%$60K$94K5xas long as short
SunX ETHFI-USDT+0.0100%4h0.7198+0.028%$2K$1.1M20xas long as short
BloFin ETHFI-USDTlong+0.0149%4h0.7196long leg$1.3M$291K75x
Coinbase International ETHFI-PERP-INTX+0.0216%1h0.7237+0.570%$32K$6K50xas long as short
Kraken Futures PF_ETHFIUSD+0.0550%1h0.7203+0.095%$277K$161K20xas long as short